Quotex vs Axofa

Quotex vs Axofa Comparison Table 2023
Quotex Review 2023	Axofa Review 2023
Review 4.4	Review 4.3 Axofa is #6 in our CFD broker rankings.
Traders from US not accepted See available binary options brokers	Traders from US accepted
Quotex is an offshore broker specializing in binary options across 400+ assets. Founded in 2019, the broker is popular for its user-friendly web platform and competitive payouts up to 98%. New traders can also claim a welcome deposit bonus.	Axofa is a forex and CFD broker registered in St Vincent and the Grenadines. The broker offers three account types with access to forex, commodities and indices. With ECN processing, low minimum deposits and no commissions, Axofa could be an attractive option, although the broker does not hold a reputable license.
Bonus Offer
30% Deposit Bonus	10% Deposit Bonus
Comment by Reviewer
"Quotex is ideal for traders looking for a good range of digital options with high payouts and trading signals."	"Axofa could be a good option for clients looking for social trading features alongside the MT5 platform, and are willing to trade with an offshore brand."
Pros
Own brand online platform with easy-to-use interface $10 minimum deposit and no withdrawal fees Global access in different languages Unlimited trading signals 30% deposit bonus Beginner-friendly Crypto payments 98% payouts	MT5 integration Proprietary mobile app Negative balance protection Access to high leverage up to 1:1000 Low starting deposit of $1 for beginners International broker accepting clients from the USA, India, Indonesia, and Ireland
Cons
No copy trading Leverage not offered Unregulated brokerage Only one account type	Unregulated broker Lack of transparency around pricing Limited verifiable information about the broker’s owners and background Inconsistencies between international subsidiaries and website information
Instruments
Digital Options, Stocks, Forex, Commodities, Cryptos	Forex, CFDs, Stocks, Indices, Commodities
Demo Account
Yes	Yes
Minimum Deposit
$10	$1
Trading Platforms
Own	MT5
Payment Methods
ADVcash Bitcoin Payments Credit Card Doku Wallet Ethereum Payments Maestro Mastercard Perfect Money Visa Wire Transfer	Bitcoin Payments Credit Card Debit Card Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
$1	0.01 Lots
Regulator
	SVGFSA
Margin Trading
No	Yes
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
No	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0
Islamic Account
No	No
Account Currencies
USD EUR GBP INR MYR IDR RUB BRL THB VND UAH	USD IDR
Stock Exchanges
Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq S&P 500	Nasdaq S&P 500
Commodities
Gold Oil Silver	Gold Natural Gas Oil Palladium Platinum Silver
CFD Trading
CFD trading not offered	CFDs are available on popular asset classes with a competitive $1 minimum deposit. The broker offers very high, unrestricted leverage of 1:1000, which will amplify both profits and losses.
Leverage
	1:1000
FTSE Spread
	NA
GBPUSD Spread
	From 1.6 pips
Oil Spread
	From 1.6 pips
Stocks Spread
	NA
Forex Trading
Over 20 forex pairs are available via digital options. Payouts are decent and climb to 82% on the EUR/USD. Go up or down on popular currencies, including all the majors.	Axofa offers 50+ forex pairs with raw spreads and low commissions. On the downside, the broker is not particularly transparent when it comes to their account conditions and fees.
GBPUSD Spread
N/A	From 1.6 pips
EURUSD Spread
N/A	From 1.6 pips
EURGBP Spread
N/A	From 1.6 pips
Assets
20+	10+
Cryptocurrency
Trade a handful of the top cryptos at Quotex with up/down binaries. Popular tokens including Bitcoin, Litecoin and Ethereum are available and traders can use the web-friendly platform or mobile app.	Crypto trading not offered
Spread
N/A
Coins
BTC LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Quotex offers short-term binary options on a decent range of financial markets with market signals to inform trading decisions. Users can bet on rising and falling prices with up/down binaries that span 5 seconds to 4 hours.	Binary options trading not offered
Payout
98%
Expiry Times
5 seconds - 4 hours
Ladder Options
No	No
Boundary Options
No	No

Review	Review
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